• Mastercard is launching its Multi-Token Network (MTN) to make transactions more secure, scalable, and interoperable.
• OKX’s Liquid Marketplace has surpassed $3 billion in trading volume with the launch of the ‘Nitro Spreads’ feature.
• Binance Research and Binance VIP & Institutional have released the findings of their Institutional Crypto Outlook Survey, which shows that most users are optimistic about crypto assets over the next decade.
Mastercard Testing Multi-Token Network This Summer
Mastercard announced its Multi-Token Network (MTN), a tailor-made solution for the industry designed to make transactions within the digital asset and blockchain ecosystems secure, scalable, and interoperable. Starting this summer, the beta version of MTN will be available in the UK and act as a testbed for developing live pilot applications and use cases with financial institutions, fintechs and central banks.
OKX’s Liquid Marketplace Exceeds $3BN in Trading Volume
OKX announced that its Liquid Marketplace , an on-demand liquidity network for institutional traders, exceeded $3 billion in trading volume following the launch of their ‘Nitro Spreads’ feature. Selected institutional clients who applied for early access can now use Nitro Spreadsm while wider access will be available to other institutional clients starting July 5th .
Binance’s Institutional Clients Remain Optimistic on Crypto
Binance Research and Binance VIP & Institutional have released the findings of their Institutional Crypto Outlook Survey which showed that 88% of respondents expressed a positive sentiment on crypto assets for the next decade. Participants believe that more real-world use cases (26.9%) and improvements in regulatory clarity (25.3%) would drive adoption more than higher prices (3.4%). These results indicate that institutional participation is taking on a longer-time horizon which makes them less reactive towards short term market cycles.
Typeface Offers AI Creation Platform
Typeface offers a generative AI creation platform for enterprise technology companies building out decentralized finance applications (DeFi). Using Typeface’s API, users can generate custom fonts from existing images or illustrations allowing them to quickly create unique designs without having to manually draw each character by hand or hire third party designers .
This article details new advancements from Mastercard, OKX’s Liquid Marketplace , Binance’s Institutional Clients survey results as well as Typeface’s AI creation platform for enterprise technology companies building out DeFi applications . It appears many parties remain optimistic about digital asset development despite recent market conditions.